Tuesday, February 15, 2000
Record Breaking 2,174 New Projects in 1999Michigan continues to be the number one state in the nation for new plants and expansions for the third year in a row — a three-peat, Governor John Engler announced today. Michigan remains in possession of Site Selection magazine’s coveted "Governor's Cup" by attracting 2,174 major, new projects to the state in 1999, more than any other state in the history of the magazine's rankings. The magazine has kept track of economic development statistics since the early 1970s. Michigan edged out runner-up California, which had 2,106 projects."This is a red letter day for the Great Lakes State," said Governor Engler. "Michigan’s winning the Governor’s Cup for the third consecutive year is especially significant. Michigan, once synonymous with the rust belt, is now gleaming with new developments. Michigan truly is setting the economic pace for the nation."In addition, the Detroit area led Michigan’s victorious charge by taking home the magazine’s number one metro area ranking for the third consecutive year. Detroit attracted 1,133 new or expanded facilities in 1999, almost doubling the nearest competitor, Chicago, which had 646 projects. Detroit also received the number one ranking for new or expanding manufacturing facilities among metro areas. Michigan's 2,174 new projects involved over $21 billion in new investment. However, only 60 percent of projects reported investment figures, making the investment estimate conservative.In the past three years, Site Selection has attributed 5,172 new projects or expansions to Michigan, about 400 more projects than the nearest competitor, California. To qualify for the Governor’s Cup, projects must have at least $1 million in new investment or reinvestment, 20,000 or more square feet of new construction or they must create 50 or more new jobs. The projects cannot be retail or residential construction. "The Governor’s Cup is staying in Michigan where it belongs," Engler said. "Our three-peat proves Michigan can compete and beat economic powerhouses like California and North Carolina."Michigan has also ranked number one for the past three years in these Site Selection categories:New or expanded facilities per 1,000 square miles; Capital investment per one million residents; and New or expanded facilities per one million residents.